Prime Loveland location, ideally situated between Lake Loveland and Rist Benson Reservoir, this side-by-side duplex is a rare opportunity for a truly A+, fully leased, turnkey investment property with no HOA. Thoroughly renovated and meticulously maintained, with nearly all major CapEx items replaced within approximately the last 6 years, this is the kind of low-hassle duplex investors work hard to find-and rarely see hit the market. Both units offer bright, open-concept living with updated kitchens and bathrooms, newer appliances, and the added convenience of individual attached one-car garages. Outdoors, you'll appreciate the fenced, private patios and xeriscaped backyards designed for easy maintenance, plus additional shed storage for each unit. Unit 2331 adds even more versatility with fenced RV/boat parking-a standout feature that boosts tenant appeal and long-term value. The property is currently leased and provides immediate income: 2331 at $1,785/month and 2327 at $2,300/month. Unit 2327 is rented furnished and includes utilities, while 2331 pays all utilities except water (property has a single water meter). .For buyers looking ahead, there's also clear value-add potential through future rent optimization-the furnished unit (2327) is projected at approximately $2,800/month. A standout word to describe this one, RARE - location, condition, and income-this IS Loveland duplex ownership with the heavy lifting already done. West unit is a 1 bedroom/ 1 bath with 2 living spaces. East unit is a 2 bedroom/ 1 bathroom. Both units leased currently.
Property Features
Bedrooms
Interior Features
- Open Floorplan
- Walk-In Closet(s)
- Washer/Dryer Hookup
- Flooring: Wood
Appliances
- Electric Range
- Dishwasher
- Refrigerator
- Disposal
- Fire Alarm
Heating and Cooling
- Cooling Features: Wall/Window Unit(s)
- Fireplace Features: One
- Heating Features: Forced Air
- Heating: Yes
- Number of Fireplaces: 1
Bathrooms
Exterior and Lot Features
- Fencing: Fenced, Chain Link
- Patio And Porch Features: Patio
- Road Frontage Type: City Street
- Road Surface Type: Asphalt
- Street Additional Info: 2331
- Patio: Yes
Land Info
- Land Lease Amount Frequency: Fixed Term
- Lot Description: Level, Paved, Curbs, Gutters, Sidewalks
- Lot Size Acres: 0.24
- Lot Size Square Feet: 10454
Garage and Parking
- Other Parking: 1 Space/Unit
- Parking Features: Garage Door Opener
- Parking Total: 6
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
School Information
- Elementary School: Namaqua
- High School: Loveland
- High School District: Thompson R2-J
- Middle School: Bill Reed
- School District: Thompson R2-J
Rental Info
- Gross Income: 49188.15
- Income Includes: Lease/Rents
- Tenant Pays: Deposit, Gas, Electricity, Sewer, Exterior Maintenance, Trash Collection
Multi-Unit Info
- Number of Units: 2
- Number of 1 Bedroom Units: 1
- Number of 2 Bedroom Units: 1
- Bedrooms in Unit-1: 1
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
Other Property Info
- Annual Tax Amount: 2661
- Source Listing Status: Active
- County: Larimer
- Cap Rate: 6.09
- Tax Year: 2024
- Source Property Type: Residential Income
- Exclusions: Seller's Personal Property
- Possible Use: Single Family, Multi-Family
- Area: Loveland/Berthoud
- Property Subtype: condo
- Source Neighborhood: Lakemont
- Parcel Number: R0362077
- Subdivision: Lakemont
- Zoning: R1
- Property Subtype: Duplex
Farm Info
- Irrigation Water Rights: No
Commercial Info
- Net Operating Income: 39557.15
- Operating Expense: 9631
Building and Construction
- Total Square Feet Living: 2052
- Year Built: 1972
- Construction Materials: Frame, Brick
- Levels: One
- Living Area Source: Assessor
- Property Age: 54
- Property Condition: Not New, Previously Owned
- Roof: Composition
- Levels or Stories: One
- Structure Type: Duplex
- Architectural Style: Contemporary
Utilities
- Electric: City
- Sewer: Public Sewer
- Natural Gas Available
- Electricity Available
- Cable Available
- Satellite Avail
- High Speed Avail
- Water Source: City
Accessibility Features
- Accessibility Features: Main Floor Bath, Main Level Bedroom
